Bitcoin
Out of context: Reply #2259
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"Bitcoin Pops on Expectation of BTC Futures ETF Approval by SEC
A late-night Bloomberg report on Thursday that the SEC will approve two Bitcoin futures ETFs sent BTC surging."
"The deadline is days away for SEC action on two applications for ETFs (exchange-traded funds) tied to Bitcoin futures, and Bitcoin has been climbing steadily all month on rumors that the applications could sail through.
On Thursday evening, Bloomberg reported that the SEC will allow the ETFs, which are from ProShares and Invesco, to begin trading next week. (The report cited anonymous sources.)
The news sent Bitcoin more than 4% higher in under an hour, to $59,400. Its all-time-high was nearly $65,000 in mid-April of this year.
If the SEC does allow the futures ETFs, it will be the first Bitcoin-tied ETFs approved in the U.S., though ETFs tied to futures contracts are still not quite the pure Bitcoin ETF that crypto investors have hoped to get. Still, it's seen as a first step toward mainstream adoption.
An ETF would allow retail investors the chance to get exposure to the price of Bitcoin without having to actually buy Bitcoin—a far closer way to invest in the top cryptocurrency than, say, buying shares of Coinbase or buying an ETF containing tech companies that hold Bitcoin."
- This is for the US mostly, in Europe and other zones you can trade crypto CFDs without touching crypto
Easiest way to short quickly
Can't wait for the drop******** - <-- todays PA is mainly a reaction todrgs
- The thing is, most if not all retail had no clue about this, so this seems like just another market manipulation...
Expect a huge correction.******** - Ive been expecting since last monthdrgs
- Monday is going to be crazy.. might call in sick so I can trade it.shapesalad
- Is it going to be a "buy the rumour, sell the news"-event?drgs
- Monday too late lol********
- You boys also need to know that the recent price jump is "sponsored" by Tether https://coinranking.…********
- I think a new ATH this weekend, and a big selloff on monday, a setup for Eve and Adam: https://pbs.twimg.co…drgs
- Already approved?
https://www.sec.gov/…drgs - doesn't even matter, no bitcoin will exchange hands so the market will not directly profit in any way********
- Announcement only if rejected
https://twitter.com/…drgs - "What fund classification are they giving it? Currency, commodity, Ponzi?"********
- EFT... I have no idea, but it's already approved.drgs
- That was a joke.
But this isn't: https://twitter.com/…******** - Anyway like I said, the price went up due to news, now must come down,
it's already at $61,7K btw******** - $61,4K********
- This is for the US mostly, in Europe and other zones you can trade crypto CFDs without touching crypto